Rig Count | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Activity | Capital Expenditure - 2017 | Private Equity Activity | Drilling Contractor
Permian E&P Ups Capex 121% YOY; $625-700 Million
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RSP Permian detailed its 2017 guidance as well as its Q4 2016 results.
2017 Annual Guidance Average net daily production range of 53.0 - 57.0 MBoe/d in 2017, an 82% - 95% increase over 2016 Development capital expenditure range of $625 - $700 million (up +121% YOY) with drilling and completion of $575 - $625 million and infrastructure and other of $50 - $75 million 8 rigs running (4 Delaware / 4 Midland) Expanded hedge profile covering 55% of 2017E oil production and 64% of 2017E natural gas volumes at the midpoint. Entered into basis swaps to protect Midland-Cushing differentials and began layering in 2018 oil hedgesRSP's operating plan is expected to build momentum in the back half of 2017. After growing production an estimated 82% - 95% in 2017, both organically and with the…
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More Capital Expenditure - 2017 News
Legacy Reserves Spends 1250% More YOY; Expects Oil Output to Grow 46.6% in 2018
Legacy Reserves reported its Q3 results and discussed its preliminary 2018 production and capital plans. Highlights include: Reported average daily production of 45,891 boe/d, an increase of about…
Gear Spends $10.5MM in Q3, Up 49.5% YoY
Gear Energy reported its Q3 results. Highlights include: Capital expenditures were $10.5 million in Q3, an increase of 49.5% from capital expenditures of $7.03 million in Q3 2016…
Cenovous Chops $100MM from 2017 Capex After Q3 Loss
Cenovus reported its Q3 2017 results. Highlights: Increased third quarter cash from operating activities and adjusted funds flow by 91% and 133% respectively, compared with the same period…
Kelt Expects 86.2% CapEx Growth from 2017 to 2018
[Summar: Kelt Exploration reported its Q3 results where it also discussed preliminary plans for 2018. Highlights include: Production for Q3 was 22,510 boe/d and expects to exit 2017…
Murphy Increases 2017 Capex by $50MM; Brought Online 27 Eagle Ford Wells
[Summary: Murphy Oil released its Q3 results and highlights include: North American on shore production was 86 mboe/d Increased its FY 2017 capex guidance $50 million to $940…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
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These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…